|
VENEZUELAN PLAN SHAKES INVESTORS |
|
|
|
Investors react with alarm in Venezuela and in markets throughout US and Latin America as they measure impact of plan proposed by Pres Hugo Chavez to nationalize country's main telephone and electricity companies; Caracas stock exchange's main index drops by almost 19 percent; drop is modest in most other countries but investors sell shares in American, Argentine and Mexican companies vulnerable to move; Chavez further intensifies worries with his request for vastly enhanced presidential authority from his Congress; if successful, powers would allow him to decree measures into law for one year, bypassing legislative debate; also seeks to abolish autonomy of Venezuela's central bank; photo; charts track influx of foreign money into Latin American mutual funds over last two years and compare Venezuela's stock market performance since announcement with other Latin American indexes (M)...
|
Riviera Maya Articles 
